78 Water St

Lyons, NY 14489

$150,000
Price
—
Beds
—
Baths
6,720 Sq. Ft.
$22 / Sq. Ft.
6,720
Sq. Ft.
$22
per Sq. Ft.

Description

Investor Special in the Heart of Lyons! Attention investors, developers, and visionaries! This three-story boarding house located at 78–82 Water Street offers a rare opportunity to restore a historically utilized 12-room income property with additional office space on the lower level. Formerly fully occupied and income-producing, the building has been vacant for the past 4–6 months and is currently condemned, requiring updates to bring it back up to code. Located in the center of Lyons, just steps...Investor Special in the Heart of Lyons! Attention investors, developers, and visionaries! This three-story boarding house located at 78–82 Water Street offers a rare opportunity to restore a historically utilized 12-room income property with additional office space on the lower level. Formerly fully occupied and income-producing, the building has been vacant for the past 4–6 months and is currently condemned, requiring updates to bring it back up to code. Located in the center of Lyons, just steps from Central Park, this property boasts excellent visibility, walkability, and proximity to local shops, government offices, and the Erie Canal. Once revitalized, it could serve as a multi-unit rental, boarding house, or even be reimagined into a live-work space or community housing project. With its size, location, and layout, this property has strong redevelopment potential—perfect for a buyer with a plan and the ability to breathe life back into a centrally located staple of the Lyons community.
  1. Listed by Nancy Ramos • Empire Realty Group
    P: (315)-871-4000 C: (315)-359-0850 nancydreamhomes4u@gmail.com

Property Details for 78 Water Street

On Waterfront
No
Parking Description
Two Spaces, Driveway, No Garage
Nearest Cross Street
Broad St
LISTING UPDATED: 12/07/2025 07:36 PM

Property Details for 78 Water Street

StatusActive
MLS #R1616831
Days on Market201
Taxes$4,167 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Commercial
Year Built1900
Lot Size0.10 AC / 4,356 SF
CountyWayne County

Location

Listing Courtesy of Empire Realty Group
Add your commute

Building Information for 78 Water Street

Stories3Residences-Year Built1900Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$1,078 per month

30 year fixed, 6.15% Interest

Principal and Interest

$731

Property Taxes

$347

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 78 Water Street

Summary
Location and General Information
  • Elementary School District: Lyons
  • High School District: Lyons
  • Middle Or Junior School District: Lyons
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Lyons-542889
  • Tax Annual Amount: $4,167.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 6720.0
  • Land Features: Agricultural, Irregular Lot
  • Num Of Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Square Feet: 4356.0
  • Lot Size Units: Acres
  • Parcel Number: 542800-071-111-0009-014-630-0000
  • Road Frontage: Main Thoroughfare
  • Lot Number: 14
Property and Assessments
  • Property Condition: Resale, Fixer
  • Senior Community YN: No
  • Assessed Value: $73,000
  • Year Built: 1900
  • Year Built Description: Existing
  • Property Sub Type Additional: Commercial
Utilities
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Brick, Other, Vinyl Siding
  • Roof Description: Asphalt, Flat, Metal
Interior Features
  • Appliances: Gas Water Heater, See Remarks
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 0
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Laminate, Varies, Vinyl
  • Heating: Gas, Baseboard
  • Heating YN: Yes
  • Sq Ft Total: 6720.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Operating Expense Includes: Rent
  • Stories: 3
  • Stories Total: 3
Rental
Rental Information
  • Rent Includes: Other, See Remarks

Property History for 78 Water Street

DateEvent & SourcePriceAppreciation
Dec 7, 2025

Price Change

WNYREIS #R1616831

$150,000—
Sep 2, 2025

Price Change

WNYREIS #R1616831

$199,900—
Jun 20, 2025

Listed (Active)

WNYREIS #R1616831

$499,900—
DateEvent & SourcePrice
12/07/2025

Price Change

WNYREIS #R1616831

$150,000
09/02/2025

Price Change

WNYREIS #R1616831

$199,900
06/20/2025

Listed (Active)

WNYREIS #R1616831

$499,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 78 Water Street

This home is within Lyons Central School District.
Rating
School
Type
Grades
Distance
Lyons Elementary School
Public - PK to 6
Lyons Middle School
Public - 7 to 8
Lyons Senior High School
Public - 9 to 12
Rating
School
Distance
Lyons Elementary School
PublicPK to 6

Lyons Middle School
Public7 to 8

Lyons Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 78 Water Street, Lyons, NY 14489

78 Water Street is a multi-family home for sale in Lyons, NY 14489. This property was listed for sale on June 20, 2025 by Empire Realty Group, it's currently listed at $150,000. This listing's school district is Lyons Central School District. Nearby schools include Lyons Elementary School, Lyons Middle School and Lyons Senior High School. 78 Water Street is a 0-bed, 0-bath, 6,720 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Empire Realty Group

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.